TITLE

Clydesdale hit by Moody's downgrade

AUTHOR(S)
Thomas, Paul
PUB. DATE
August 2013
SOURCE
Fundweb;8/27/2013, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the downgrade in the bank deposit and debt ratings of commercial bank Clydesdale Bank PLC in Great Britain on August 23, 2013. It is inferred that ratings agency Moody's Investors Service Inc. has downgraded the bank due to uncertainty over its strategic direction and future ownership. According to Moody's, the franchise of Clydesdale Bank has materially weakened following its decision to pull out of commercial mortgage lending.
ACCESSION #
90029331

 

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